With prices at the pump rising, Maryland lifted its 36-cent per gallon gasoline tax for 30 days starting Friday in an effort to deliver some relief to motorists. If fuel stations pass the savings on, it could amount to about $5 per tank in savings.
Senate President Bill Ferguson noted that his chamber passed a $58.5 billion state budget earlier Friday. It includes $350 million for tax relief, though lawmakers have not coalesced around a plan for how it should be delivered and to whom.Ferguson praised the gas tax holiday — proposed and passed in a little more than a week — as evidence of bipartisan success.
“When there are problems that Marylanders are facing, we come together and we fix them,” Ferguson said. Maryland’s gas tax is paid at the wholesale level and incorporated into prices at the pump. Gas station owners have already paid tax on the fuel in their underground tanks, so the legislation allows them to get an upfront refund for current inventory so they can pass on the savings immediately.
The Maryland Comptroller’s Office, which collects taxes, noted in a statement that the global oil market is volatile and cautioned motorists that prices may not necessarily drop by 36 cents for the next month.“So while Marylanders will not pay the state gas tax for the next 30 days, the total per-gallon price will remain dependent on crude oil prices and global supply and demand,” the statement said.
“Maryland residents can rest assured that whatever price they see at the pump will be 36 cents cheaper per gallon,” Franchot said. “I welcome citizens from other states, there’ll be lot of them coming to Maryland to buy tax-free gas. Please, spend a lot of money while you’re here.”
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